Guild Education now has new funding to help workers fortify their educational standing.
The Series D funding is led by General Catalyst, who’s CEO, former American Express CEO Ken Chenault, is joining the board of drectors of GC.
Participating alongside General Catalyst is Iconiq Capital, Lead Edge Capital, Emerson Collective, and incumbent investors Workday Ventures, Bessemer Ventures, Redpoint Ventures, Salesforce Ventures, Next Play Capital, Silicon Valley Bank, Felicia Ventures and Harrison Metal.
Guild Education reports the new funding pushes its valuation to more than $1 billion, which makes it one of only a few female-led companies this year to hit unicorn status. The company is led by Rachel Carson, who also co-founded it.
“This is an investment in the future of the American workforce,” said CEO Carson, in a blog post. “Companies offering education to their workforce are changing the lives of their employees and helping tackle the student debt crisis by avoiding student debt altogether. This year alone, Guild and our corporate partners have helped students avoid more than $100 million in debt.”
The company unlocks opportunity for America’s workforce through education, with a double bottom-line business model that does well by doing good. Guild Education partners with top employers to help them provide education benefits to their frontline workforce.
Guild Education partners with the nation’s top universities focused on serving working adults. 400,000 working adults have begun exploring their path back to school thanks to Guild Education partnerships.
Guild Education plans to use the investment to “better serve our employers and academic partners, and most importantly, our students.” It says it would like to reach an estimated 88 million working adults that have not taken advantage of their services.